Textile Dyes Market worth $10.9 billion by 2024 | Key Players include Huntsman Corporation, Kiri Industries, Zhejiang Longsheng Group Co., Ltd., LANXESS AG, and Archroma Management LLC

According to recent market research "Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, and Disperse), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, and Acrylic), and Region (APAC, Europe, and North America) - Global Forecast to 2024", The market is projected to reach USD 10.9 billion by 2024 at a CAGR of 5.9% during the forecast period. Low-cost of manufacturing in counties in APAC such as China and high demand for textile dyes in APAC are the key factors driving the demand for textile dyes.

Browse 82 market data Tables and 41 Figures spread through 139 Pages and in-depth TOC on "Textile Dyes Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/textile-dye-market-226167405.html

The textile dyes market is projected to grow from USD 8.2 billion in 2019 to USD 10.9 billion by 2024, at a CAGR of 5.9%, between 2019 and 2024. APAC is the largest consumer of textile dyes. Low-cost of manufacturing in APAC countries and high demand for textile dyes in the region are driving the demand for textile dyes globally.

Waterless dyeing technology is expected to tackle the major restraint faced by the textile industry. In the textile industry, 100–150 liters of water is needed per kilogram of textile dyes in various processes, which includes scouring, washing, bleaching, and dyeing. Thus, the separation of dye chemicals and processed water is a real challenge for the textile dyeing industry globally. The wastage of water and its pollution can be avoided with the help of waterless dyeing methods. With low viscosities and diffusion properties, this method can lead to a shorter dyeing time than with water. Unlike water dyeing, the dyeing, extraction of spinning oils, and removal of excess dye can all be carried out in a single plant in the carbon dioxide dyeing process. This method involves only changing temperature and pressure conditions. Moreover, drying is not required as at the end of the process, CO2 is released in the gaseous state. This CO2 can be recycled easily with up to 90% retained after precipitation of the extracted matter in a separator. This technology is expected to change the business landscape of the textile dyes industry in the coming future.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=226167405

The textile dyes market is projected to grow from USD 8.2 billion in 2019 to USD 10.9 billion by 2024, at a CAGR of 5.9% between 2019 and 2024. APAC is the largest consumer of textile dyes. Low-cost of manufacturing in APAC countries and high demand for textile dyes in APAC are the major factors driving the market.

The key market players are the Huntsman Corporation (US), Kiri Industries (India), Zhejiang Longsheng Group Co., Ltd. (China), LANXESS AG (Germany), and Archroma Management LLC (Switzerland). These players have adopted various strategies, such as new product launch and merger & acquisition between 2015 and 2019, to enhance their market shares and expand their global presence.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=226167405

Huntsman Corporation (US) is the leading manufacturer and supplier of differentiated organic and inorganic chemical products, globally. These products are used in a wide range of applications such as coatings, printing inks, textile, food, personal care, and cosmetics. The company operates through four business segments: polyurethanes, performance products, advanced materials, and textile effects. Under the textile effects segment, the company produces and sells textile dyes, textile chemicals, and digital inks to the textile industry. The segment accounted for 9% of the overall organizational revenue in 2018. In August 2015, Huntsman introduced 210 unique textile dye formulations for its range named PANTONE FASHION, HOME + INTERIORS. This collaboration between Huntsman (a global leader in textile dyes) and Pantone (a leading provider of the color system) is expected to help the textile industry produce eco-friendly home furnishings, and fashion and interior design products.

Archroma Management LLC (Switzerland), which was founded in 2013, is one of the leading producers of specialty chemicals and colors. The company operates its business under three main segments, namely, textile specialties, paper solutions, and emulsion products. The company offers color solutions for a variety of applications, including textile, paper, paints, and coatings. The company has been a leading adapter of mergers & acquisitions. For instance, in September 2017, Archroma announced the acquisition of additional 26% shares (of which 49% was acquired in 2014) of M. Dohmen (Germany), a multinational group specializing in the production of textile dyes and chemicals. Moreover, in July 2015, Archroma acquired the textile chemicals business of BASF. This acquisition has helped Archroma acquire a leading position as the supplier of chemical dyes to the global textile industry.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/textile-dye.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/textile-dye-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.